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...Another one notes that the company is “actively expanding our base of corporate clients” for payroll services....
...CMB and lawyers for Smagin declined to comment. Lawyers for Yegiazaryan did not respond to a request for comment by the time of publication....
...Brindle’s partnership underwrites risks for New York-listed Fidelis Insurance, which floated last year and has a $2bn market value....
...inflation and a series of fines for sewage pollution....
...These range from SFr200 for claimants holding up to SFr10,000 of bonds to more than SFr15,000 for those owning more than SFr5mn, according to documents seen by the FT....
...For 73 years the IIEB has brought together the heads of Europe’s biggest banks twice a year at luxury hotels and royal palaces across the continent to discuss sensitive subjects such as M&A deals and global...
...Among the most eye-catching distribution announcements this year are Italy’s UniCredit, which promised to pay €8.6bn — its entire profit haul for 2023 — to investors....
...Case also highlighted artificial intelligence as a “very, very substantial” future risk for global business, as well as an opportunity for companies to innovate....
...Investors are braced for a tougher year for European banks as the windfall from higher interest rates recedes....
...MainFT: The Jersey Financial Services Commission revealed on Wednesday that it had not yet received any application for authorisation from Woodford for a new, Jersey-based investment management company,...
...US plans for shutting down a global bank call for removing top management, wiping out the shareholders and imposing losses on creditors of its holding company....
...In terms of financials, it’s a company that’s never turned a profit, though that’s not unusual for businesses that go public in this way....
...Despite a prolonged drought in deals and a fall in loan demand, 2023 was one of the most profitable years for European banks because of rising interest rates....
...The area of private medical insurance that has seen the strongest growth has been in the number of people taking out personal cover, according to a survey by Statista Consumer Insights, a research company...
...According to analysts at Barclays, the continent’s banks are outperforming US rivals for the first time in more than a decade in return on equity terms....
...Motorists were quoted £941 on average for an annual insurance policy between January and March, according to a widely watched index of price comparison site quotes published by Confused.com and insurance...
...Europe’s market for IPOs has made its strongest start to a year since the Covid-19 pandemic, with companies raising more than $3bn....
...Meanwhile, activist investor Ackman, a 20-year client of the bank, invited Federer to a tennis match on the roof of his company, Pershing Square, before telling UBS staff that the takeover of Credit Suisse...
...Ermotti was parachuted back into the top job — a role he previously had for nine years — just weeks after UBS agreed to rescue Credit Suisse last March....
...But in a statement early on Thursday, the company expressed regret over the tragedy....
...john.gapper@ft.com...
...The government has said that any share sale will be conditional upon market conditions and achieving value for money for taxpayers....
...At the time, Credit Suisse said a change to the contract would lead to a $600mn loss for the bank. But on Wednesday, UBS confirmed it would be a $900mn loss....
...a particular challenge for underwriters....
...The performance was helped by a quiet year for hurricane claims as well as a rapid run-up in reinsurance prices over the past 18 months....
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